Bye Bye to sub-$200 cheap coins - page 3.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: ivyleague1985 on January 16, 2015, 01:32:41 PM

Quote from: ronald98 on January 16, 2015, 01:25:53 PM

It's frightening seeing the price (and your investment) plummet in value, but it's just as frightening selling it and watching bitcoin's price soar in value. I hate having to buy back at a loss. If we suddenly soar this wekend there will be bears buying back at a big loss.

You cannot believe how much people panic sold in the crash. I guess almost all weak hands who bought in 2014 were already shaken out. They must regret to death sooner or later. But that is the sympathetic reality of trading.

Those who listened to bears & sold @$160 have lost $50. Those who listened to bulls and bought @1200 lost $1,000. So ...yeah.

ronald98

sr. member

Activity: 314

Merit: 250

Quote from: ivyleague1985 on January 16, 2015, 01:32:41 PM

Quote from: ronald98 on January 16, 2015, 01:25:53 PM

It's frightening seeing the price (and your investment) plummet in value, but it's just as frightening selling it and watching bitcoin's price soar in value. I hate having to buy back at a loss. If we suddenly soar this wekend there will be bears buying back at a big loss.

You cannot believe how much people panic sold in the crash. I guess almost all weak hands who bought in 2014 were already shaken out. They must regret to death sooner or later. But that is the sympathetic reality of trading.

I watched the bear whale sell off and there were initially people putting sell orders a few cents below the whale's. Those people must have regretted it during the rally not long afterwards.

ivyleague1985

newbie

Activity: 56

Merit: 0

Quote from: ronald98 on January 16, 2015, 01:25:53 PM

It's frightening seeing the price (and your investment) plummet in value, but it's just as frightening selling it and watching bitcoin's price soar in value. I hate having to buy back at a loss. If we suddenly soar this wekend there will be bears buying back at a big loss.

You cannot believe how much people panic sold in the crash. I guess almost all weak hands who bought in 2014 were already shaken out. They must regret to death sooner or later. But that is the sympathetic reality of trading.

ronald98

sr. member

Activity: 314

Merit: 250

It's frightening seeing the price (and your investment) plummet in value, but it's just as frightening selling it and watching bitcoin's price soar in value. I hate having to buy back at a loss. If we suddenly soar this wekend there will be bears buying back at a big loss.

bassclef

hero member

Activity: 924

Merit: 1000

Quote from: ivyleague1985 on January 16, 2015, 12:58:44 PM

Bears did three major attacks after the grand crash to $166 (bitfinex).

First tanks the price to $172, second tanks it to $197 and the recent one tanks it to $198.

Strength of the bear attacks are getting weaker and volume of bear attacks is shrinking. In addition, we see higher lows.

We may have to say bye bye to sub-$200 coins. Congrats to those sub-$200 purchases.

I'm seeing this too. Markets are always searching, or discovering, price levels high and low. It also acts as a tool for big money to test the market for supply during lull periods and pick up more cheap coins.

g-unit

sr. member

Activity: 432

Merit: 250

Let's pray $160 really was the true bottom.

ivyleague1985

newbie

Activity: 56

Merit: 0

Quote from: Dilla on January 16, 2015, 01:11:15 PM

I have a feeling this weekend we are either going to plummet to new lows or hit a bull market

I am pretty sure it will go all the way up.

Just have some faith.

Dilla

hero member

Activity: 588

Merit: 500

I have a feeling this weekend we are either going to plummet to new lows or hit a bull market

pooya87

legendary

Activity: 3472

Merit: 10611

i only hope this recent increase in price is not only a little "jump back"

ivyleague1985

newbie

Activity: 56

Merit: 0

Bears did three major attacks after the grand crash to $166 (bitfinex).

First tanks the price to $172, second tanks it to $197 and the recent one tanks it to $198.

Strength of the bear attacks are getting weaker and volume of bear attacks is shrinking. In addition, we see higher lows.

We may have to say bye bye to sub-$200 coins. Congrats to those sub-$200 purchases.

Topic: Bye Bye to sub-$200 cheap coins - page 3. (Read 3305 times)